People with two copies of a risk gene have genetic form of Alzheimer's, scientists say
By Julie Steenhuysen CHICAGO (Reuters) - People who carry two copies of the APOE4 gene are virtually guaranteed to develop Alzheimer's and face symptoms at an earlier age, researchers reported on Monday in a study that could redefine such carriers...
14h ago
U.S. hospital network Steward files for bankruptcy, aims for new loan
By Dietrich Knauth NEW YORK (Reuters) - Steward Health, which operates 30 hospitals in nine U.S. states, filed for Chapter 11 bankruptcy in Texas on Monday, aiming to secure a new loan from its landlord Medical Properties Trust. The privately-owned...
15h ago
Novavax's top shareholder Shah Capital ramps up efforts for board shakeup
(Reuters) - Hedge fund Shah Capital on Monday urged Novavax shareholders to vote against the re-election of three directors and proposals related to executive compensation, ramping up its efforts for a board shakeup at the COVID-19 vaccine maker. S...
16h ago
Gossamer Bio and Chiesi Group to collaborate for blood pressure treatment
(Reuters) - Gossamer Bio said on Monday it will collaborate with Chiesi Group to develop and commercialize its drug seralutinib in multiple indications related to blood pressure conditions. Gossamer is to receive $160 million development reimbursem...
18h ago
China should boost number of ICU beds, state agencies say
By Andrew Silver SHANGHAI (Reuters) - China should increase the number of intensive care unit (ICU) beds over the next few years as part of its public health measures, several state agencies recommended in a joint statement published on Monday. The...
18h ago
BioNTech says 90% of 2024 revenues will accrue at end of year
FRANKFURT (Reuters) - Germany's BioNTech, whose COVID-19 vaccine in partnership with Pfizer was widely used during the pandemic, said on Monday that almost all of its expected 2024 revenues would come in at the end of the year. BioNTech said in a s...
19h ago
Canada toughens import requirements on US breeding cattle over bird flu concerns
(Reuters) - The Canadian Food Inspection Agency (CFIA) has toughened import requirements on U.S. breeding cattle over the H5N1 bird flu virus, the agency said in a statement on Friday. The first confirmed case of Highly Pathogenic Avian Influenza (...
May 04, 2024
At least 42 die from measles outbreak in northeast Nigeria
By Percy Dabang YOLA, Nigeria (Reuters) - At least 42 deaths have been recorded from a measles outbreak in just over a week in Nigeria's northeastern state of Adamawa, the state's health commissioner said on Friday. Measles is a highly contagious, ...
May 03, 2024
US health officials warn dairy workers are at risk from bird flu
By Julie Steenhuysen CHICAGO (Reuters) - U.S. health officials on Friday warned that dairy workers remain at risk from the H5N1 bird flu virus that is infecting dairy herds, and urged them to wear protective gear to avoid infection. The U.S. CDC ur...
May 03, 2024
Drugmaker Amneal agrees to $270 million U.S. opioid settlement
By Nate Raymond (Reuters) - Amneal Pharmaceuticals said on Friday it had reached a deal valued at more than $270 million to resolve claims it helped fuel the deadly U.S. opioid epidemic, becoming the latest drug company to settle lawsuits over the ...
May 03, 2024
US FTC seeks more information on Novo Nordisk parent-Catalent deal
(Reuters) - The U.S. Federal Trade Commission has sought additional information about a $16.5 billion deal by Novo Nordisk's parent to buy manufacturing subcontractor Catalent. The deal was announced in February and Novo Nordisk Foundation has sinc...
May 03, 2024
Amgen shares jump after teasing 'encouraging' weight loss data
(Reuters) - U.S. drugmaker Amgen's shares jumped 13% to $316.26 premarket on Friday as the company teased encouraging data for its experimental obesity drug, igniting investor hopes but leaving Wall Street frustrated over a lack of details. Amgen, ...
May 03, 2024
Biden expands health insurance access for DACA immigrants
By Ted Hesson WASHINGTON (Reuters) - U.S. President Joe Biden's administration will allow certain immigrants illegally brought to the U.S. as children greater access to federally run health insurance, the White House said on Friday, addressing a se...
May 03, 2024
Brazil declares country foot-and-mouth disease-free without vaccination
SAO PAULO (Reuters) - Brazil declared itself on Thursday as free of foot and mouth disease without vaccination, and will request World Organization for Animal Health (WOAH) to recognize that status as it seeks to open more markets for its meat expo...
May 02, 2024
DaVita gains after upbeat quarterly profit prompts annual forecast raise
(Reuters) - DaVita raised its annual profit forecast on Thursday banking on strong demand for its kidney dialysis services, sending its shares up 3.7% in trading after the bell. The healthcare services provider raised the lower end of its 2024 adju...
May 02, 2024
Amgen first-quarter profit dips 1%, revenue rises 22%
By Deena Beasley (Reuters) - Amgen reported a slightly lower first-quarter profit on Thursday, citing higher operating and interest expense from its recent acquisition of rare disease drugmaker Horizon Therapeutics, partially offset by double-digit...
May 02, 2024
GSK knew about Zantac cancer risk, attorneys tell jury in first trial
By Diana Novak Jones (Reuters) - U.S. attorneys for a woman who claims her colon cancer was caused by the now discontinued heartburn drug Zantac on Thursday told a jury in Chicago that pharmaceutical companies GSK and Boehringer Ingelheim knew the ...
May 02, 2024
Bird flu outbreak in dairy cows fails to deter US raw milk sellers
By Lisa Baertlein, Julie Steenhuysen and Tom Polansek LOS ANGELES/CHICAGO (Reuters) - U.S. sellers of raw milk appear undeterred by federal health warnings for consumers to avoid drinking unpasteurized milk in light of a bird flu outbreak that has ...
May 02, 2024
Cigna lifts annual profit view on lower medical costs, pharmacy benefit strength
By Bhanvi Satija (Reuters) -Cigna Group raised its annual profit forecast on Thursday, helped by lower-than-expected medical costs and strength in its pharmacy benefit management unit. The health insurer's second forecast raise this year is in sharp co...
May 02, 2024
IQVIA trims full-year revenue forecast on stronger dollar
(Reuters) - Contract research firm IQVIA Holdings lowered its annual revenue forecast on Thursday due to a stronger dollar and reported a quarter-over-quarter fall in a closely-watched metric, sending shares down nearly 4%. The company expects 2024...
May 02, 2024
Digital health startup Transcarent valued at $2.2 billion after latest funding round
(Reuters) - Digital health startup Transcarent notched a valuation of $2.2 billion after its latest fund raise, led by General Catalyst and 7wireVentures, amid signs of a rebound in the funding market. The company said on Thursday it had raised $12...
May 02, 2024
Novo Nordisk: Wegovy, Ozempic prices in US fell in Q1
LONDON (Reuters) - Novo Nordisk has seen the price of its hugely popular weight-loss drug Wegovy and diabetes drug Ozempic fall in the United States as volumes and competition have increased, a senior executive said on Thursday. Wegovy prices in th...
May 02, 2024
Cardinal Health lifts 2024 profit view on demand for costly specialty drugs
(Reuters) - Cardinal Health raised its annual profit forecast on Thursday, betting on strength in its pharmaceutical unit selling costly specialty drugs used to treat complex conditions such as cancer. Drug distributors, including rival Cencora, ha...
May 02, 2024
Baxter raises annual profit forecast on strong demand for medical devices
(Reuters) - Medical device maker Baxter International raised its annual profit forecast and beat quarterly estimates on Thursday, banking on strong demand for its infusion pumps and dialysis products. Investor expectations around the performance of...
May 02, 2024
Zimmer Biomet beats Q1 profit estimates on robust demand for knee, hip devices
(Reuters) - Medtech firm Zimmer Biomet Holdings beat Wall Street estimates for first-quarter profit on Thursday, on the back of robust demand for its devices that are used in knee and hip reconstruction procedures. Zimmer's results extend a strong ...
May 02, 2024